Correlation
The correlation between ISHYX and JAAA is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
ISHYX vs. JAAA
Compare and contrast key facts about Invesco Short Duration High Yield Municipal Fund (ISHYX) and Janus Henderson AAA CLO ETF (JAAA).
ISHYX is managed by Invesco. It was launched on Sep 29, 2015. JAAA is an actively managed fund by Janus Henderson. It was launched on Oct 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ISHYX or JAAA.
Performance
ISHYX vs. JAAA - Performance Comparison
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Key characteristics
ISHYX:
0.92
JAAA:
3.32
ISHYX:
1.22
JAAA:
4.30
ISHYX:
1.22
JAAA:
2.25
ISHYX:
0.94
JAAA:
4.08
ISHYX:
3.36
JAAA:
28.11
ISHYX:
1.10%
JAAA:
0.21%
ISHYX:
4.14%
JAAA:
1.78%
ISHYX:
-13.64%
JAAA:
-2.60%
ISHYX:
-2.06%
JAAA:
0.00%
Returns By Period
In the year-to-date period, ISHYX achieves a -0.77% return, which is significantly lower than JAAA's 1.89% return.
ISHYX
-0.77%
-0.22%
-1.42%
3.79%
2.32%
2.83%
N/A
JAAA
1.89%
0.91%
2.48%
5.88%
6.71%
N/A
N/A
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ISHYX vs. JAAA - Expense Ratio Comparison
ISHYX has a 0.59% expense ratio, which is higher than JAAA's 0.21% expense ratio.
Risk-Adjusted Performance
ISHYX vs. JAAA — Risk-Adjusted Performance Rank
ISHYX
JAAA
ISHYX vs. JAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration High Yield Municipal Fund (ISHYX) and Janus Henderson AAA CLO ETF (JAAA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
ISHYX vs. JAAA - Dividend Comparison
ISHYX's dividend yield for the trailing twelve months is around 4.68%, less than JAAA's 6.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ISHYX Invesco Short Duration High Yield Municipal Fund | 4.68% | 4.40% | 4.06% | 3.98% | 3.61% | 3.59% | 3.45% | 3.58% | 3.79% | 3.56% | 0.29% |
JAAA Janus Henderson AAA CLO ETF | 6.02% | 6.35% | 6.11% | 2.77% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ISHYX vs. JAAA - Drawdown Comparison
The maximum ISHYX drawdown since its inception was -13.64%, which is greater than JAAA's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for ISHYX and JAAA.
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Volatility
ISHYX vs. JAAA - Volatility Comparison
Invesco Short Duration High Yield Municipal Fund (ISHYX) has a higher volatility of 0.49% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.34%. This indicates that ISHYX's price experiences larger fluctuations and is considered to be riskier than JAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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